AMC CEO: Brought in $ by issuing shares from January to May

CNBC’s Seema Mody reports on comments made by AMC CEO Adam Aron as the stock continues its volatile trading frenzy. For access to live and exclusive video from CNBC subscribe to CNBC PRO: AMC Entertainment said it has completed its new stock offering announced just Thursday morning, raising $587.4 million in additional capital. The company said it sold million shares at an average price of approximately $ per share in an at-the-market equity program launched earlier Thursday. When AMC announced the offering, it said in a filing it may sell some of the 11 million shares “from time to time.” Apparently that time was now as it completed the offering in about three hours. In a curious move typical of the meme stocks, the shares rallied off their lows on news of the completed sale as retail investors cheered the capital raised and looked past the dilution of their stakes. Shares of the movie theater chain reversed higher at one point following the news. The stock ended the d